Seminar 3 - Socio-economic impact of agricultural science: the European story

Abstract: Public support of agricultural science depends on free-rider and market failure arguments, and also the existence of the substantial returns on investment that can be generated. However, in the European context there are barriers to understanding of both the nature and the extent of the socioeconomic and environmental benefits that arise from government-funded agricultural research. Data gaps are an immediate problem, but the issues of organisational change in science and the increasing influence of the corporate sector in determining research agendas also merit investigation. This seminar will provide a perspective of work-in-progress in the Impresa project, with discussion of measurement, analysis and interpretation of the public and private good aspects of science-based innovations, and identify specific controversies that remain unsettled.

Speaker: Professor Peter Midmore, Aberystwyth University

Biography: Peter Midmore is an agricultural economist working at Aberystwyth University, whose research interests are in rural development and agricultural policy analysis. Since 2001 he had been Professor of Economics in the School of Management and Business, and is currently also Research Director of the Institute of Management, Law and Information Science. He is coordinator of the European Commission Seventh Framework Programme Impresa project (http://www.impresa-project.eu).

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